0 Hwy 27, Davenport, FL | Davenport Land
US - Davenport, FL
IDR 35,979,212,000 | 2.25 ha
Asset Description
An Entitled 58-Acre Luxury Placemaking Residential & Commercial Development Opportunity with future frontage on both sides of International Drive. High Barrier of Entry.
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Attributes
Land area net
23.47 ha (234,718 m²)
Media
Investment Highlights
- LEGACY DEVELOPMENT: The development will encompass up to 4,000 multifamily units across 7 buildings
- COMMERCIAL & HOSPITALITY HOTSPOT: Includes 200,000+ square feet of commercial space and a 200 key hotel
- DIRECT ACCESS: International Dr (23,000 VPD) SR 417 (35,500 VPD), SR 535 (35,500 VPD)
- NEARBY ACCESS: World Center Dr (31,000 VPD) connecting to I-4 (209,000 VPD)
- POWERFUL ECONOMIC GROWTH: Florida’s economy has grown to the 4th largest in the United States
- SUBSTANTIAL MSA GROWTH: Central Florida increases by more than 1,500 new residents per week
- THRIVING MULTIFAMILY MARKET: The 12-month asking rent growth is near 10%,
- INTERNATIONAL DRIVE: The submarket commands an 8% monthly premium compared to surrounding markets
Contact brokers
Arete at International Drive - 14185 International Drive, Orlando, FL (0 Properties)
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Last updated
8 May 2023
